Philippine Airlines and Canadian aircraft maker, Bombardier, have finalized a purchase agreement for up to 12 Q400 turboprops.
The agreement includes a firm order for five Q400 aircraft and purchase rights for seven Q400 jets. It is valued $165m based on list prices and could increase to $401m, if Philippine Airlines exercise all its purchase rights.
The delivery of the five Q400 aircraft is scheduled throughout 2017.
Fred Cromer, Bombardier President said: “With the lowest seat-mile costs in the regional aircraft market, the extra-capacity, two-class Q400 aircraft will offer Philippine Airlines significant opportunities to differentiate itself competitively.
“The Q400 aircraft is the ideal solution for the airline as it develops its domestic operations network from secondary hubs and increases intra-island connectivity.”
Philippine Airlines president and chief operating officer Jaime Bautista said: “As we strive to become a top-rated airline, the Q Series family of aircraft has enabled us to develop our business model into one which efficiently meets our domestic route requirements while providing our passengers with a full-service on board experience.”